FEBZ vs. BPH

Last updated Jul 17, 2026

FEBZ (TrueShares Structured Outcome (February) ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - FEBZ is a Defined Outcome fund tracking the S&P 500 Price Index, while BPH is a Energy Equities fund actively managed by Precidian. FEBZ is passively managed, while BPH is actively managed. At a correlation of -0.16, they often move in opposite directions. FEBZ charges 0.79%/yr vs 0.19%/yr for BPH.

Performance

FEBZ vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (February) ETF (FEBZ) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FEBZ

• 1D: -0.42%
• 1M: 0.00%
• 6M: 6.23%
• YTD: 7.50%
• 1Y: 15.21%
• 3Y*: 14.05%
• 5Y*: 10.72%
• 10Y*: —

BPH

• 1D: -0.20%
• 1M: -0.63%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEBZ vs. BPH - Yearly Performance Comparison

	2026 (YTD)
FEBZ TrueShares Structured Outcome (February) ETF	0.58%
BPH BP p.l.c. ADRhedged ETF	-3.53%

Correlation

The correlation between FEBZ and BPH is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	-0.16

Return for Risk

FEBZ vs. BPH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEBZ

FEBZ Risk / Return Rank: 57
FEBZ Sharpe Ratio Rank: 58
FEBZ Sortino Ratio Rank: 56
FEBZ Omega Ratio Rank: 56
FEBZ Calmar Ratio Rank: 52
FEBZ Martin Ratio Rank: 63

BPH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEBZ vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (February) ETF (FEBZ) and BP p.l.c. ADRhedged ETF (BPH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FEBZ	BPH	Difference
Sharpe ratio: Return per unit of total volatility	1.57	—	—
Sortino ratio: Return per unit of downside risk	2.18	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.14	—	—
Martin ratio: Return relative to average drawdown	8.74	—	—

Drawdowns

FEBZ vs. BPH - Drawdown Comparison

The maximum FEBZ drawdown since its inception was -17.50%, which is greater than BPH's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for FEBZ and BPH.

Drawdown Indicators

	FEBZ	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-15.58%	-1.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.50%	—	—
Current Drawdown Current decline from peak	-0.94%	-6.78%	+5.84%
Average Drawdown Average peak-to-trough decline	-3.28%	-6.73%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	—	—

Volatility

Volatility by Period

	FEBZ	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.74%	28.00%	-18.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.54%	28.00%	-15.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.32%	28.00%	-15.68%

FEBZ vs. BPH - Expense Ratio Comparison

FEBZ has a 0.79% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

FEBZ vs. BPH - Dividend Comparison

FEBZ's dividend yield for the trailing twelve months is around 2.98%, more than BPH's 0.52% yield.

Position	TTM	2025	2024	2023
BPH BP p.l.c. ADRhedged ETF	0.52%	0.00%	0.00%	0.00%
FEBZ TrueShares Structured Outcome (February) ETF	2.98%	3.20%	3.88%	6.81%

Frequently Asked Questions

Can I hold both FEBZ and BPH in my portfolio?

FEBZ and BPH have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEBZ or BPH?

On fees, BPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEBZ or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.79% for FEBZ.

Which ETF pays a higher dividend yield, FEBZ or BPH?

FEBZ has the higher dividend yield at 2.98%, compared with 0.52% for BPH.

What is the main difference between FEBZ and BPH?

FEBZ is categorized as Defined Outcome, while BPH is Energy Equities. They also come from different issuers: TrueShares and Precidian. Their fees differ too: 0.79% for FEBZ and 0.19% for BPH.